Privately Held Firm Completes 2010 with $55 Million on Revenue
Herndon, VA — January 31, 2011 — REI Systems (REI) announced today that is has completed its tenth straight year of double digit revenue growth. The Chantilly, VA-based firm finishes 2010 with $55 million in revenue, more than 90% of which is attributable to Federal contracting in the Washington, DC market.
The $55 million gross revenue mark represents a 43% increase for the second straight year. Growth was split between existing clients and new, with organic growth from existing clients accounting for 90% of revenue. 2010 also saw new wins in two of the firm’s three key business lines of Federal E-Grants Management and Performance Measurement. REI also landed new contract wins in three new Federal agencies and one municipality. REI also reports growth in its commercial sector portfolio, with new clients in its mobile application development and CRM/software-as-a-service business lines.
“REI’s growth is a direct reflection of its single-minded focus on customer service and delivery of meaningful and lasting solutions to our customers,” said Vice President of Business Development and Marketing, Paul Anninos. He added, “There is no better ‘growth engine’ than building strong past performance and becoming known as a trusted and effective technology partner. Our growth is a natural byproduct and provides our over 400 employees with new, exciting challenges in their professional technical and management development.”
About REI Systems
REI Systems is a leading provider of web-enabled business solutions for the Federal Government and the commercial sector. Drawing upon our mission to deliver reliable, effective, and innovative solutions, the company works daily to solve complex homeland security, defense, health resources, criminal justice, and performance support issues. REI Systems’ support is strengthened by its results-driven approach and commitment to exceeding customer expectations. Since 1989, REI Systems has been serving major corporations and government at all levels. More than 435 employees serve these clients from offices in the Washington, D.C. metropolitan area.
For more information, visit www.reisystems.com
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